Quackenbush Realty - Serving Provo, UT and surrounding communities

If you�re considering buying investment property in Provo, one thing you will want to think about is whether you want to buy a property that is BYU approved. Many investors assume that all of properties below campus are BYU approved when this isn�t necessarily the case.

First, you should know that couples going to BYU can live anywhere they want, and their apartments don�t have to BYU approved. Single students going to BYU however, must live in BYU approved property.

In order for a property to be BYU approved, it must fit certain criteria. A few of the main things BYU requires is that each room have a certain amount of square feet and closet space, depending on whether the room is for one or two students. Another requirement that keeps a lot of the basement apartments in the older duplexes from becoming BYU approved is that each room must have at least windows that are large enough for a person to get out of if there is a fire. BYU approved properties must also be furnished with beds, dressers, desks etc.

Another thing to consider is whether you want to buy a project that is BYU approved for men or women. When a project is being built, the developer must decide on one or the other. Once a project is approved for certain sex, it cannot be changed. However, I�ve heard that sometimes BYU makes exceptions and lets the owners family members live in a complex that is approved for the opposite sex. We would want to look into this.

Investment note: While selling property near BYU the last several years, I have noticed that BYU approved properties have generally seen better appreciation than properties that haven�t been BYU approved.